Hyperion Bank offers an attractive interest rate for their money market account called Consumer Money Market. The bank has the following money market rates which are tiered:
- $0.01 to $4,999 earns an interest rate of 0.25% APY
- $5,000 to $24,999 earns an interest rate of 0.40% APY
- $25,000 to $49,999 earns an interest rate of 1.00% APY
- $50,000 to $99,999 earns an interest rate of 1.00% APY
- $100,000 and above earns an interest rate of 1.00% APY
You can take advantage of these best money market rates when you deposit a minimum of $1,000 to open an account. You must maintain an average daily balance of $1,000 to more to avoid the $10 monthly service fee and at the same time to earn this best interest rate.
The dividends earned on this money market deal are compounded and paid monthly. The money market rates listed above may change up or down anytime without notice.
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TransPecos Bank offers attractive interest rate for their reward checking account called Kasasa Cash. You can earn an interest rate of 3.33% APY for balances up to $25,000. You can earn an interest rate of 1.33% APY for the portion of the deposit above $25k. Plus, refund ATM fees when you meet the following requirements:
- make at least 10 debit card purchases at the point of sale
- setup at least one bill pay, direct deposit or automatic payment
- access internet banking at least once per statement cycle
- subscribe to electronic bank statement
If the bank’s requirements are not met for this month, you will still be able to earn their base interest rate of 0.05% APY. But you will no longer be able to refund your ATM fees. You are also required to make an initial deposit of just $1 to open an account. T
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When the Reserve Bank of Australia meets next week, it is likely to spare the Australian consumer from yet another interest rate hike, however the central bank is more than likely to raise interest rates soon, and do so more than once before the year is out.
Eleven economists polled by the APP news agency all said they believed that the RBA would maintain the cash rate at 4.75 per cent when it meets to decide policy on Tuesday.
Ten out of the eleven economists said they expect the central bank to lift the cash rate to 5.0 per cent during the September quarter.
Seven of the eleven economists polled say they believe there will be at least a couple of rate hikes before 2011 comes to an end, which would mean by the end of the year, the cash rate would stand at 5.25 per cent.
The resources boom is widely expected to raise the economic growth rate to 4 per cent, however such torrid growth produces the risk of higher inflation.
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Internet searches can yield the best CD rates, allowing depositors to match the term to their savings goals.
Stonebridge Bank, headquartered in Pennsylvania, offers a variety of CD rates and terms, each with a minimum deposit requirement of $500. All funds are fully FDIC-insured.
Stonebridge Bank CD rates as of 5/11/11:
Term/Rate
6 months CD / 0.75% APY
12 month CD / 1.15% APY
14 month CD / 1.25% APY
18 month CD / 1.30% APY
21 month CD / 1.20% APY
24 month CD / 1.40% APY
30 month CD / 1.50% APY
36 month CD / 1.60% APY
60 month CD / 2.10% APY
Compare CD rates and terms to find the best interest rates for your needs.
View Point Bank provides their best interest rate reward checking account called Absolute Checking. The bank lets you earn an interest rate of 4.00% APY for balances of up to $25,000. You can earn an interest rate of 0.95% APY for the portion of the balance above $25,000 to $100,0000. For the portion of the balance above $100,000 lets you earn an interest rate of 0.04% APY. You can also have your ATM surcharge refunded when you meet the following requirements:
- make at least 15 purchases using your debit card at the point of sale
- setup at least one ACH auto bill pay or direct deposit
- subscribe to electronic bank statement through internet banking
Take note that if you do not meet the requirements, you will not be able to refund your ATM fees and you will only earn their base interest rate. You can enjoy this best checking account by depositing as little as $100 to open an account.
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In these uncertain times, a certificate of deposit (CD) can be a good place to stash savings while earning a guaranteed interest rate.
Nationwide Bank CDs require a minimum deposit of $500 and are FDIC insured up to $250,000 per depositor. CDs with $100,000 or more earn 0.05 percent higher APY than rates quoted below.
Nationwide Bank CD rates and terms as of 6/6/11:
Term / Rate
12 month CD / 1.15 % APY
18 month CD / 1.20 % APY
24 month CD / 1.35 % APY
36 month CD / 1.75 % APY
48 month CD / 1.95 % APY
60 month CD / 2.30 % APY
Compare CD rates and terms online to find the best CD for your needs.
Webster Bank was founded in 1935 by Harold Webster and since then it has grown to a considerable size. It services customers who live in Westchester Country, NY, Connecticut, Rhode Island and Boston, MA. With about 3000 employees and 181 banking offices, it provides a range of products and services to their customers. Also, Webster online banking is available for all customers and it is a convenient way to access their accounts.
Webster Bank internet banking makes it possible for customers to check all their accounts in one place. They can see balances, check account information and monitor transactions of checking account, savings account, CDs, credit cards, brokerage accounts and even mortgages and other loans. The images of checks and deposit slips can be viewed online and this helps customers to have a better control over their finances. Besides, monthly statements for the last 18 months can be seen online.
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